BRM - New Warrant Issue for Barramundi

[Basil]

Very sour start to the new financial year.  77.33 cps.

Actual NAV 77.21 cps.  http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BRM/429065/416188.pdf

Fair bit of green on the BRM watchlist screen today at this stage though so that's good.

[Basil]

Tough week.  77.07 cps.

[Basil]

Bit of a recovery today, 77.62 cps.

[Basil]

Been a horrible 8 days since I last updated, (daily updates have become an administrative burden so I will only do them from time to time going forward), and frankly it feels like the whole ASX is in full blown correction mode on the back of white-hot geopolitical tensions.

Unless I have made a mistake in my spreadsheet update, (unlikely), latest estimate is 74.86 cents which is pretty sobering as its slightly below where it started the year.  Suppose it's good we have at least got the dividend so are keeping our head slightly above water for 2024, even if it's only just above water.  Still, seeing the previous 3 months gains wiped out in what has only been just a little over half of April, is frankly, pretty disappointing.

[Toddy]

It's taken a hiding over recent sessions for sure.

Keep the faith, the companies in the portfolio are going about their business as usual.

[Ricky Bobby]

This year is going to be like this... really up and down. Started the year great and slowly turning to custard for all my stocks! It's a sign of the times, business everywhere is doing it tough. I use this share for exposure to the asx market, I don't have the time to do good research and will leave it to these chaps instead.

[winner (n)]

OMG ......BRM NAV down 6% this month

Suppose as long as it's beaten it's benchmark 6% down not too bad

At least the share price has only gone down 1 cent so that's not so bad

[Sideshow Bob]

OMG ......BRM NAV down 6% this month

Suppose as long as it's beaten it's benchmark 6% down not too bad

At least the share price has only gone down 1 cent so that's not so bad

Then take the dilutionary effect of the warrants at probably close to 63c......

[Hectorplains]

I use this share for exposure to the asx market, I don't have the time to do good research and will leave it to these chaps instead.

BRM offers some exposure to the ASX.  Their "diversified portfolio" is void of commodity stocks. They're heavy with mid-spectrum and defensive stocks, especially banks. There have been excellent gains in metals, energies and even for agricultural stocks in the first quarter of this year.  None of that has benefitted BRM.  Macro and geopolitical events point to a tighter squeeze to come for commodities, in particular metals.  The term 'super cycle' is starting to be chucked around. With a focus only on BRM that will pass you by.

[Hectorplains]

Financial Review this morning reckons that: "Australian shares are poised to fall as solid US labour data reinforced bets that interest rates will be higher for longer. US jobless figures held steady overnight, adding to the week's positive reports on the health of the world's biggest economy."

[Left Field]

Fabulous week.   Not just the shares that are great buying.  I actually think the warrants are outstanding buying.  8.4 cents now and only 63 cents more on 25 October 2024, total 71.3 cents, and all the capital growth between now and then and you're only tying up 8.4 cents capital per warrant for now.  Disc: Bought another couple of hundred thousand warrants today and on the bid for a few more there.

Warrants down today to $.037.........must be an error

[777]

Warrants down today to $.037.........must be an error

I agree. You can have mine for $0.05.Just let me know.

[Basil]

Warrants down today to $.037.........must be an error

Big correction in overseas markets since that post...haven't you got anything better to do than troll old posts?  Warrants are high leverage hit or miss financial instruments and everyone knows that including you.

More than 6 months to run, 63 cent exercise price and NAV about 74 cents. Good prospects for value creation on exercise if markets go well and the most you can lose is now 3.7 cents.

Warrants are a great way to invest with high "potential" upside and modest outlay. Food for thought for you for the weekend.
Try not to worry how much will you lose on your portfolio if things go full "thermo nuclear" in the middle east?

[Ricky Bobby]

BRM offers some exposure to the ASX.  Their "diversified portfolio" is void of commodity stocks. They're heavy with mid-spectrum and defensive stocks, especially banks. There have been excellent gains in metals, energies and even for agricultural stocks in the first quarter of this year.  None of that has benefitted BRM.  Macro and geopolitical events point to a tighter squeeze to come for commodities, in particular metals.  The term 'super cycle' is starting to be chucked around. With a focus only on BRM that will pass you by.

Do you recommend anything like brm that covers the above? Have thought about what u are saying, but haven't found something suitable. Need a Div also...

[Hectorplains]

I'm directly invested, so I don't know a whole heap about Aussie EFTs but maybe have a look at Vanguard Commodity Strategy Fund?